Rabio Review

Cost Visibility & Control 

Rabio is primarily implemented as a cost management tool that gives you complete visibility and control over various financial activities. You can use it whether your planning and handling construction projects, managing equipment or store inventory costs, or creating company-wide financial reports. Rabio is built with a database system where you can record, organize, and manage financial activities or procedures in a dynamic cost breakdown structure.

With this cost breakdown structure, you’ll be able to create various cost centers and categories to quickly and systematically organize and track the budgets, expenses, and financial procedures of different business units throughout your organization. As a result, you can easily verify if  the actual costs incurred by specific business units from working on projects, manufacturing products, or selling store items are consistent with the planned budgets. With all essential financial data at your fingertips, you can make the right decisions and ensure you gain lower expenses and higher revenues.

Enhanced Financial Data Administration 

With Rabio, you no longer need to exclusively rely on papers, spreadsheets, and document files to manage financial data. Instead, you’ll implement a main and centralized source of financial data for your company, a budget control system operating on a modern, open-source IT environment. Rabio can capture and store various types of financial data in one place, whether they’re related to budgeted and actual costs, earned value calculations, productions, asset or equipment expenses, store inventories, or budget or cost projections.

You can classify data using tags so that vendors, employers, and external users can immediately find information and details across financial activities or procedures. Moreover, you can connect your data management or accounting systems to Rabio. The software automatically pulls and processes budget, cost, or financial data from your other systems 

Reporting Capabilities 

The budget control software is equipped with reporting capabilities that facilitate the sharing of data among users. Rabio’s database system has a backend component that allows you to create and share documents directly from any web browser. You can share these documents with selected users only, such as managers, team members, or project collaborators; or make them available publicly to both internal and external users.

This feature enables you to generate simple or advanced financial reports. You along with other stakeholders can perform budget and cost analysis or predict projects’ earned value using accurate and reliable data found in the reports. Plus, Rabio permits you to print or export reports in different formats.